During the Fourth Development Cooperation Group meeting, donors urged Malawi to build a vibrant economy that offers a value proposition to private sector investors who can generate good quality jobs to the emerging young generation.
The Chair of Development Partners’ Troika, Greg Toulmin, acknowledged the strides that Malawi has made, but says the country has a long road ahead. “Building a vibrant economy that offers a value proposition to private sector investors, who can generate good quality jobs to the emerging young generation is also essential,” said Toulmin.
According to Toulmin, establishing a new vision for the country can have a powerful motivating force. “Many other countries have shown the motivational effect of a Vision that is credible, and well communicated, and to which the government demonstrates commitment, through both its words and its actions.”
The Reserve Bank of Malawi Governor, Dalitso Kabambe said that 2018 was faced with many economic obstacles, but 2019 seems to be a hopeful year. Speaking to journalists in January this year, Kabambe explained that increased election spending which could lead to fiscal slippages, is would be the only maize output, while the tobacco market has dipped by 29.4% in sales this year. Exports have been registered to be improving, while a foreign market for various products has been discovered for Malawi.